Italy and Greece have new leaders. Guess what they have in common?

[dixiegrrrrl]

Very high ranking, experienced members of TPTB.


Greece's probable new leader, Lucas Papademos:
Senior Economist at the Federal Reserve Bank of Boston in 1980.
Governor of Bank of Greece, where he was involved in Greece's transition from the drachma to the euro as its national currency.
Then became the Vice President to Jean-Claude Trichet at the European Central Bank from 2002 to 2010.
In 2010 he left that position to serve as an advisor to Prime Minister George Papandreou.
He has been a member of the Trilateral Commission since 1998.

Italy's new leader:..... Mario Monte ( he is expected to be placed as the new leader soon)

European Chairman of the Trilateral Commission,
He is also a leading member of the Bilderberg Group
Monti is an international adviser to Goldman Sachs and The Coca-Cola Company.

[RKP5637]

1. Thanks for posting this summary. I heard part of this today, TPTB, but your

summary was a nice succinct description. It will continue, the masses = serfs.

[OffWithTheirHeads]

2. unfucking believable!

[RKP5637]

3. Each day some of the conspiracy theories become more and more real IMO. n/t

[Mojorabbit]

4. My sis and I were speaking of just this today

They are no longer hiding behind fronts. The takeover is out in the open. It is amazing to see.

[dixiegrrrrl]

10. Remember when the Bilderberg group was a conspiracy theory???

People said it did not exist, it was a tin foil concept.
Then the Group meetings became public, and later even publicized, with some MSM listing some of the attendees.
Now they meet openly, their meeting place and time is even announced in advance.
And, as it turns out, heads of state, members of Congress, the Courts, the banks, are listed as members of that group as well as members of the other historically "tin foil" groups: Tri-Lateral Commission and Foreign Exchange Council.

[AnneD]

28. Conspiracy theroies....

have an amazing ability of coming true these days. I never dismiss them at first blush anymore.

[Hydra]

5. Color me surprised

...Don't they have any new tricks?

[ProgressiveProfessor]

6. Europe is much more accustomed to being ruled by ther 1%

The royalty never really went out of fashion in many parts

[xchrom]

7. The Golden Revolving Door. Meant for some --

But not for most.

[nineteen50]

8. Their greed killed the goose that laid the golden eggs and

now they are trying to revive it austerity.

[bvar22]

9. Whaty could possible go wrong?

Using the same rational used to justify Obama's Cabinet Picks:
Those who Broke It know how to Fix It better than anyone else! :)


ALLLLLL Fired Up!




Solidarity99!
--------------------------------------------------------------------------------------------------------------------------------

[A HERETIC I AM]

11. Should they have installed Dimitri the octopus beater and Luigi the olive oil press operator?

Where do you think the likely candidates would come from?

Heaven forbid they actually choose people experienced in financial matters when both countries have ...well....looky there.......FINANCIAL PROBLEMS!

[dixiegrrrrl]

12. Being experienced in financial matters is not the same as the issue I was pointing out

which most people seem to have understood.

[A HERETIC I AM]

14. Duh HUH!..Ayayup!

And I'm just too stupid to understand what it is you're pointing out, eh?

Yeah, yeah, yeah.

Lets look at these two "Very high ranking, experienced members of TPTB."

Lucas Papademos:

Born in Athens, Papademos attended the Massachusetts Institute of Technology, gaining a degree in physics in 1970, a masters degree in electrical engineering in 1972, and a doctorate in economics, in 1978.

He followed an academic career at Columbia University where he taught economics from 1975 until 1984, and then at the University of Athens from 1988 to 1993.

Damn. What a dumbass.

He is a member of the Academy of Athens. He has published numerous articles in the fields of macroeconomic theory, the structure and functioning of financial markets, monetary analysis and policy as well as on subjects concerning the economic performance, financial stability and economic policy in the European Union. He has also delivered addresses on the Greek debt crisis.

Well, hells bells. Couldn't they find someone who actually knows what the hell he is doing? They oughta take him out back and beat the shit out of his pretentious ass.

Mario Monti;

Mario Monti holds a degree in economics and management from Bocconi University, Milan. He completed graduate studies at Yale University, where he studied under James Tobin, the Nobel prize-winning economist.<1>

He taught economics at the University of Turin (1970-85) before moving to the Bocconi University, of which he has been rector (1989-1994) and then president (since 1994). His research has helped to create the Klein-Monti model, aimed at describing the behaviour of banks operating under monopoly circumstances.

God dammit. Another fucking dipshit know nothing.

In 1994 Monti was appointed to the European Commission, along with fellow-Italian, Emma Bonino, by the first Silvio Berlusconi government. In his capacity as European Commissioner from 1995, he was responsible for "Internal Market, Financial Services and Financial Integration, Customs, and Taxation".

Four years later, in 1999, Massimo D'Alema's government confirmed his appointment to the new European Commission under the presidency of Romano Prodi. Thereafter he was responsible for "Competition", in which capacity he initiated anti-monopoly proceedings against Microsoft. He also led the investigation into the proposed merger between General Electric and Honeywell in 2001, which the European Commission blocked.

I hate the fact that the people they have picked are nimrods. Hell, they should have called on YOU, dixiegrrrrl. You would have fixed em' right up, wouldn't ya?


Molehill? Thy name is OP And thy aspirations of higher elevation are bollocks.

[Citizen Worker]

18. And neither one of them were elected by the voters.

[A HERETIC I AM]

19. Which should come as no surprise, since both countries have a Parliament. n/t

[Po_d Mainiac]

26. Their credentials pale with those of Chairsatan bernank

Bernanke, Ben Shalom (bĕrnăngk'ē), 1953-, U.S. economist and government official, b. Augusta, Ga.; grad. Harvard (B.A., 1975), Massachusetts Institute of Technology (Ph.D., 1979). He was a professor of economics at Stanford Univ. (1979-85) and Princeton (1985-2002) before serving (2003-5) as a member of the Federal Reserve's board of governors. An authority on monetary policy and the Great Depression and in general a supporter of Alan Greenspan's Federal Reserve policies, he became (2005) chairman of the White House Council of Economic Advisers under President George W. Bush. In 2006 Bernanke succeeded Greenspan as chairman of the Federal Reserve Board. Regarded as favoring consistency and clarity in central banking, he also came to be seen as innovative and flexible in his approach to U.S. financial problems and the recession resulting from the mortgage and credit crises that began in 2007. At the same time, however, he failed to anticipate the collapse of the housing and credit bubbles that led to the crisis. Under Bernanke the Federal Reserve has greatly expanded its lending to financial institutions (and enormously broadened the range of such institutions it lends to) in order to preserve liquidity in the international financial system and facilitate lending by financial institutions and generally moved aggressively to support the financial system and revive the economy. Bernanke was reappointed as chairman by President Obama in 2010.

http://www.answers.com/topic/ben-bernanke#ixzz1dcb61BR6

the same fucking genius who stated:

2005
"We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though."

"With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."

2006
"Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."

2007
"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."

2008
"The Federal Reserve is not currently forecasting a recession."

and just before Fannie and Freedie went tits up,

"The GSEs are adequately capitalized. They are in no danger of failing."

[A HERETIC I AM]

27. What I find amusing about your post and this OP....

is that it is full of how terrible those that are doing the jobs are, but absolutely ZERO suggestion as how to do it better.

None.


Nada.

Zilch.

Of course. They are terrible people. They all wake up each morning, rub their hands with glee and think to themselves, "how can I fuck over the poor today?"

What a load of crap.

Do us all a favor, Po_d Mainiac, make a suggestion as to who should head up Greece and Italy. And for that matter, the Federal Reserve and the US Treasury. Shitfire, we might as well hand those jobs over to that great font of financial wisdom that is the daily SMW thread, no?

I mean, THOSE people (includes you) have the financial world by the tail, right?

Still waiting for one of you to accurately call a bottom, much less a top.

Actually, I'm still waiting for one of you to show you know the difference between coupon rate and yield on a bond and the difference between preferred stock and livestock.

[Po_d Mainiac]

30. Do their jobs?

Now that wood be a novel idea.

Re: the fucktards waking up each morning, rubbing their hands with glee and thinking to themselves, "how can I fuck over the poor today?"...Shit that's what consumes their every breathing moment. "How can I add fees?". Since those fees have the greatest impact on the lower income class it's the same fucking thing.

[dixiegrrrrl]

29. So, when he speaks, plan for the opposite.

Has to be a deliberate liar, no one can be that stoopid and still walk.

oops...I forgot about Bush.
And Perry.

[Name removed]

17. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[marmar]

13. Banksters International

Like a giant mob outfit running the world (into the ground).

[golfguru]

15. The problem how I see it is academics are in charge

and they do not understand how main street works.
For example Bernanke & Geithner....never ever worked in any outfit which has to compete and make at least a small profit just to survive.

[dreamnightwind]

16. Great find

I was wondering who the new bosses were.

[femrap]

20. So that's why the Dow

was up yesterday....more Banksters in high places.

Still won't get rid of Italy's $2.7 Trillion of debt.

[golfguru]

21. The real problem in Europe...

The Greeks & Italians & the Spaniards & the Portuguese can not print Euro's with abandon. Only countries with their own currency can do that, USA & UK included.

The PIIGS governments are bloated and have spent money they do not have by issuing "sovereign bonds". Now their debts are higher than their economies can sustain.

The only 2 solutions possible for the PIIGS are 1) default on the debt and revert back to their own currency or 2) Install gut wrenching austerity so that their richer Euro partners can bail them out. You better believe the richer partners are not in a philanthropic mood. Their voters will throw the rascals out if they sell out the tax payers.

There is no 3rd solution. Which path will they take?

[femrap]

22. I thought the

ECB could print more Euros. And they had set up some 'facility' w/ trillions already in it....copied after our TARP.

Why not just let those who own Greek, Italian, etc. bonds lose their investment? There is always risk when one invests. Hell, would you buy a Italian bond when you know that it is already trillions of dollars in debt...how stupid. The investor deserves to fail. Buh-bye banksters.

Much of this 'debt problem' stems from corruption...corruption like we have in the US...TARP, for example. It was the biggest Heist ever.

Iceland seems to be doing fine. Of course it only has 350,000 people.

I don't think the Euro will survive. The experiment didn't work. Default and print up Francs, Marks, Liras, etc. There are rumors to that effect.

Maybe the groundwork for WW3 is being laid and that is Solution #3...a Crusades of Xtians v. Muslims.

I'm :hide: ing.

Or Mother Nature could jolt us back to the 1800's with just a shrug of her shoulder.

[golfguru]

23. Correct, the ECB can print Euro's but not the..

individual countries without restrictions. That is what happens when the country signs on to a treaty with common currency. It causes loss of balance, dislocations, jealousy and contempt.

[CJCRANE]

24. Merkel is the main obstacle

to just printing more euros mainly because Germany has been very prudent with their finances.

Germans also remember a time when they needed a wheelbarrow of cash to buy a loaf of bread...and what came out of that...so they don't ever want to go there again.

[femrap]

25. I don't blame the Germans.

This Euro thing was an experiment that simply didn't work. Start printing drachmas! And Marks.

Or everyone could take a vacation to Greece and buy lots of Ouzo.

[Owlet]

31. Italian Lawmakers Back Monti to Keep Pensions, Critics Say

"Italian Prime Minister Mario Monti won a final parliamentary confidence vote, granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy.

The 630-seat Chamber of Deputies voted 556 to 61 in favor of Monti’s new administration of technocrats, following the Senate’s approval yesterday. Monti said today he wanted his government to last until elections scheduled in 2013, though that depended on retaining the support of parties. The Northern League’s lawmakers 59 voted against him today.
Nov. 18 (Bloomberg) -- As Italy’s politicians came together this week to back a technical government, calling it the only way to rescue the country from financial ruin, critics say their main goal was really saving their own pensions.

'Half the guys in there are worried about getting their pensions or increasing them by staying in office longer,' said Luca Barbareschi, a lawmaker in Italy’s lower house of parliament, the Chamber of Deputies. 'It’s definitely a motivation,' said Barbareschi, who entered parliament in 2008 as a member of Silvio Berlusconi’s People of Liberty party and switched to independent status this year.

As politicians plot the country’s future, ordinary Italians are being asked to postpone retirement under proposed austerity legislation that calls for raising the pensionable age to 67 from 65, as the country tries to cut its 1.9 trillion-euro ($2.6 trillion) debt, which amounts to 120 percent of gross domestic product. To underscore the urgency of the issue, Italy’s new Prime Minister Mario Monti appointed Elsa Fornero, an expert on the pension system, as welfare minister to work on reforms"

link

[BeHereNow]

32. CONVENIENTLY timed with the IMF announcement to

extend credit to the Euro banks...
conspiracy here?
Nah. No way.
:sarcasm:
BHN
On edit: link here:
http://www.cnbc.com/id/45403253/